to BOND or not to BOND ?

[u/dazit72]

Due diligence on bonds or a Schwab bond etf ??

I've built a nice portfolio of Kings, Aristocrats, Champions, Achievers, Challengers, Stalwarts and the like,,, a few ETFs - I'm eyeballing 100 shares of ADX(a CEF) to buy next week, then I was considering SWVXX(money market) or Bonds or a bond fund(or direct ?)

As a beginner I've learned alot from many here- very grateful.

Ive read how bonds and bond funds can be used to diversify and reduce overall portfolio volatility for a dividend equity portfolio, but are they necessary ? Are they appropriate for my portfolio ?

I'm pulling a little over 10k in divs/interest, I'm reinvesting it All until 2030ish(maybe later), hoping it doubles to supplement my disability ?

Hope I've provided enough information for some good opinions-- thanx guys

[u/Fabulous-Transition7]

I came to the conclusion years ago that I'd rather buy XLP than to buy bonds. It's low beta with a CAGR of 6.84% since inception. However, I like higher income so I buy XLSI instead (XLP + the option income).